Alligator Energy scoping study confirms potential for low-cost ISR uranium operation at Samphire

Alligator Energy Ltd (ASX:AGE) has confirmed the potential for a ‘globally competitive’ low-cost in-situ recovery (ISR) uranium operation in a scoping study for the Blackbush deposit within the Samphire Project, south of Whyalla in South Australia.

The study supports a production estimate of 1 million pounds per annum of uranium, with a life-of-mine production target of 10 million pounds over 12 years solely from the Blackbush deposit alone.

It also put forward a low initial capital expenditure forecast of A$129.3 million, including a significant combined contingency and cost escalation allowance of 40%.

Notably, the Samphire Project economics was assisted by proximity to key infrastructure, a local workforce, low reagent consumption, a shallow uranium deposit and good permeability of the host sands.Furthermore, a low environmental footprint, focus on minimal disturbance and continuous rehabilitation, and no long-term impact on saline groundwater demonstrate the potential for a low carbon intensity project. Increasing uranium demand Alligator […]

Click here to view original web page at www.proactiveinvestors.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.